Posted originally on Dec 18, 2024 by Martin Armstrong
QUESTION: Mr. Armstrong, Like so many others, I cannot express my gratitude for creating Socrates. You provide forecasting for the entire world. In Brazil, Socrates has been a light in the middle of darkness. Our central bank has had to intervene four times, desperately trying to prevent the collapse of our currency, as we see nothing but soaring budget deficits. We are witnessing the wholesale spread across assets. Our government dollar bonds are declining despite being denominated in the US dollar. Our hopeless president, who the West cheered, Luiz Inacio Lula da Silva, proposed new income tax breaks alongside a plan to cut over $11 billion in spending last month. Lula has no idea about the economy.
Could you please comment on Brazil as we go, so does South America?
Enzo
ANSWER: It is so important to look at the entire world. We are all connected. However, looking at the array for South America it does not suggest that everyone will follow Brazil. Nevertheless, the US dollar should continue its advance into 2025. I would be concerned about the May/June time period next year. We are looking at the collapse of socialism. The election of Lula da Silva was an act of economic suicide for Brazil. Silva was elected in 2022 to be the president of Brazil. That was a stunning comeback following a very tight run-off race that was not without controversy. His victory heralded a political about-face for Latin America’s largest country. You can see the economic consequences ever since the US dollar reversed direction and was projecting going into 2025 for a major high. Bolsonaro is ahead of da Silva in the polls for the next 2026 election. It certainly appears that the US dollar will rally into 2025, impacting your 2026 election.
A year-end closing above 5.98, which the market is trading above currently, should confirm a new high for the dollar into 2025. Looking into next year, the overhead resistance will stand at 6.31, 6.79, and 7.27. Brazil is a founding member of the BRICS. The collapse of their currency files in the face of propaganda about how the BRICS will kill the dollar. They lack the economy and certainly the financial capability. As you mentioned, they had to issue debt in dollars to raise money. As the dollar rallies, those emerging markets that issued dollar-denominated debt are being pushed closer and closer to default in 2025.
Posted originally on the CTH on December 16, 2024 | Sundance
Senator Thom Tillis appears to have been granted a larger slice of the lobbyist money from Thune and McConnell because he certainly is taking up a position next to Joni Ernst in strategic opposition to President Donald Trump.
The level of passive aggressive threat-speak within Tillis’ very carefully selected wording is quite concerning. “President Trump enjoyed a great deal of Republican support in his first term,” Tillis notes. “But if people want to play the outside [pressure] game, they run a lot of risk,” he continues. “Four votes is all it’s going to take to kill a nomination here, so they should take pause,” Tillis reminds everyone.
Senator Tillis from North Carolina represents the aloof mindset of the Senate at large, and the detached mindset of the Republicans in the senate specifically.
The republicans in North Carolina in 2024 are highlighting just how similar they are to the republicans in Georgia, circa 2020.
Posted originally on the CTH on December 16, 2024 | Sundance
So many people have seemingly forgotten that Mitt Romney was the 20212 Republican presidential nominee. He was crushed by Barack Obama despite record turnout by republican voters who held their nose, yet again, one last time and voted for the last of the GOP ‘next in line’ crew.
As he exits a career in politics, Mitt Romney reflects upon his professional legacy of ‘lightly held stances’ and expert level graciousness in losing; he’s had lots of practice. As Mitt Romney concedes the Republican party to the MAGA movement, this is somewhat of a reflective moment. WATCH:
Posted originally on the CTH on December 15, 2024 | Sundance
Devin Nunes appeared on Fox News with Maria Bartiromo today to discuss Kash Patel as the possible FBI Director and the new role for himself just outlined by President Trump. {Direct Rumble Link}
Devin Nunes will be chairman of the President’s Advisory Board on Intelligence, and he describes his role as recognizing, researching and filtering out the political intelligence products. Exactly as we suspected. WATCH:
Nunes noted some declassification of prior evidence will be considered and reviewed.
♦ Intel Community Inspector General Michael Atkinson, former counsel to DOJ-NSD Head Mary McCord during the construct of the Carter Page FISA application, testified to a closed session of the House impeachment committee about the CIA whistleblower, the connection to Alexander Vindman and the construct of why Atkinson changed the rules of the CIA to permit anonymous whistleblowers.
That transcript of Atkinson’s testimony was sealed and classified by Adam Schiff. At the time of his testimony, Mary McCord was working for the House impeachment committee.
Start by locating and releasing that transcript. START THERE! It’s a great first document to release.
Posted originally on Dec 13, 2024 by Martin Armstrong
Volkswagen Group CEO Oliver Blume was booed by a crowd of 20,000 employees after stating that the company is not “operating in a fantasy world.” The company already saw 100,000 union members walkout on Monday. “As management we’re not operating in a fantasy world. We are making decisions in a rapidly changing environment,” Blume stated. But the fantasy of climate change is indeed what the company is operating under.
Blume said that Volkswagen must begin to offload vehicles to Chinese consumers. Why would Chinese consumers by a European EV when they can purchase a Chinese model for a fraction of the cost? I recently discussed how even American auto CEOs were praising the technological advances of Chinese EVs. China was once a large market for Germany’s auto exports but that has changed since the government applied countless regulations in the name of climate change.
Then Volkswagen had its emissions scandal where it falsified emissions testing to sell to US consumers. I wrote in 2015: “This event appears to highlight the turning point of 2015.75; in hindsight, we will probably look back at this turning point as the start of a serious economic decline that will strike Europe’s biggest economy. The German car industry is the largest and what is unraveling is a taint upon all German cars, which is unfair. This involved diesel only. Nonetheless, things are never always fair.”
Now the company is looking to cut pay for 120,000 workers. Operating profits have fallen by 11.4% and they simply cannot continue producing these EVs at the same pace they were producing dreaded fuel-powered cars because the demand is not there. The government is actively preventing the auto industry from flourishing. It is a fantasy to believe that the German auto industry can continue adhering to the country’s climate change objectives that believe it can reduce carbon emissions by 65% within the next 5 years.
Yet another reason why the entire European Union is facing a recession. Germany is the bread and butter of the EU – the economic powerhouse. You had 17% of all GDP in Germany derived from the auto industry in 2023, and now the nation’s top auto manufacturer is struggling to make a profit.
China was a key player for Germany. Germany sold 241,000 vehicles to China in 2023, marking a large portion of its market share at a value of €15.1 billion. Auto suppliers were able to sell some €11.2 billion to China last year. Currently, one in five cars on the road in China have been manufactured in Germany. Yet, China’s own auto industry grew 156% over a two-year period from 2021 to 2023 after exporting 4.14 million vehicles last year. China is not adhering to the climate change agenda, and those same regulations derived from fictional data are not strangling China’s energy-dependent sectors.
Chancellor Olaf Scholz called China a “systemic rival,” but he failed to acknowledge the government’s role in stifling the private sector. The German Chamber of Commerce in China conducted a study this past September that revealed half of the 566 surveyed businesses planned to invest more heavily into China. Only 2% said they would be willing to sell off their Chinese operations, and 7% said they were considering a move away from China. Instead of working on open trade, all of the Western nations have deemed China an unfriendly nation to be wary of.
The move to end climate change is fundamentally driving a stake through the very heart of the German economy and therefore the entire EU. The mercantile economic model will continue to collapse under the fantasy world of climate change. While they may not reduce their carbon footprint, the Germany economy is certainly on track to reduce its economic footprint in the years ahead.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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